Review on FUBT by Adedayo Adeniji
FUBT
Fubt is a July 2017 released centralized exchange from Hong Kong but to my surprise I tried accessing it to no avail as its link reverts back with this site can't be reached and in search of answers for this, I have found no written explanation on the part of the exchange to users and intending users so I kindly implore you to be very careful with this exchange.
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I discovered the exchange fees to be as follows, 0.001btc for withdrawal fee, 0.20% for taker and 0.20% for maker. Truly judging by what the industry average is, the withdrawal fee is quite out of line and the trading fee is in line.
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With Fubt you can't deposit fiat at all but you can enjoy quite a good number of crypto variety to trade with and as a new investor you have to source how an where to buy crypto that you will deposit before you can trade here.
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Finally taking a general look over this exchange, its trading volume speaks volume about its liquidity as it is null and void.
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Pros
- It supports so many cryptos
- It is accessible through Android, iOS and desktop
- It offers OTC desk
- Its trading fee is competitive
Cons
- Its withdrawal fee is too high
- Its link reverts that its site can't be reached
- It has no liquidity
- It only accepts crypto deposit
